Jim Rogers Analyzing the Financial Armageddon pt 2/3

[Ranger4564]

That is a fucking lie. Capitalism only survived because the "developed" nations pillaged the wealth of the "undeveloped" nations. I really dislike when JR lies about crap like that. 

[OilTradingAcademy]

I got another truth for you, try this on for size. The entire Oil market is controlled by a computer, another words, Oil doesn't go up and down in price because people are buying and selling Oil, it goes up and down because a computer is controlling it to do so. I'm a scientist and discovered this 4 years ago, and now I teach the "code" for Oil and how to easily take advantage of the "code" by trading it yourself and making virtually as much money as you want. Google "Oil Trading Academy". David

[baigandine]

Oh yes, the government is incompetent 100% of the time, unlike our leadership at AIG, Citigroup and GM.

[baigandine]

'What really went wrong is they wouldn't let the market work.' Like a broken record. This is true SOMETIMES but not ALL the time.

[ElFrankus]

Jim is wrong on something: its not the first time an underdeveloped nation finances a developed nation: Latin american countries have, with an unequal balance of payments, done so for decades. That´s the reason behind left leaning revolutions here, and in china in 1949.

[benzo771]

I want everyone from wallstreet hung by their F'ing balls for creating this mess. When shit does hit the fan they will be the first to be beaten and killed in the streets.

[throwerofturds]

@benzo771 its not wallstreet it the government . that jims message .

[Unkn0wnGuy]

@benzo771 I agree, however, don't forget that wallstreet couldn't tie their shoes without the government's permission. They are all in bed together and should be punished together.

[cetnik03]

@benzo771 I WOULD LOVE TO BE THE EXECUTIONAR of those pigs, they have destroyed us robbed us those pigs need to pay!! power to the people down with corporations

[robmeister944]

@benzo771 When SHTF you will see martial law. The military will be the only one on the streets, you and I will be at home under a curfew.

[1XMarksSpot]

@benzo771 Beaten? Just kill them.

[225Vikings]

America has the best military in the world. We are going to have to charge the rich countries money for "protection" just like the mob does to sucessfull businesses.

[HGSpaceTime]

@225Vikings America loses wars. Small third world country name Vietnam kick shit out America, US ran way like a coward and caused much pain. US GOV ran in Beirut Lebanon, and Mogadishu, crashed and failed in Iran. Seven US troops massacred in Afghanistan trying to hold low ground, WTF was that Doh. US is good at invading resorts like Grenada or Panama but if comes down to a guerrilla war they lose that is history and reality.

[malayrojak]

@225Vikings

How does acting like that going to help anyone? What goes around comes around, meaning if the US screws everyone else up, they will screw themselves up. In exactly the same way, if the US gets screwed like it is now, the rest of the world is in pain too. All of us are connected in one way or another.

I am sorry for my stupidity but please explain...

Peace

[LordKarmaUSA]

If you aren't able to leave this cesspool like I am, I suggest you quickly learn to grow, make or fix stuff people really need. However, I personally think all of this is America's Karma and for many years thought this was a nation of sick people. Whores, Whoremongers, Godless, Immoral, Sick Sodomite Mongrels. You are all welcome to it.

[1XMarksSpot]

@LordKarmaUSA Where are you planning to go?

[MarkDouglasC]

Jim is one of the best skimmers in history. He knew the best way to make money, is get it from the people who really earned it -- earned income. Jim knows the lunatic tax breaks we gave skimmers, and the BS financials, is why we are so screwed now. But thats how Jim got rich. Smart man.

[jb2134]

It's scary.... this guy is a "good interviewer" compared to cnbc, or msm. Yet, his ignorance mirrors that of 99% of the population.

MSM has manipulated us so far down, its hard to comprehend the simple logic and common sense Jim gives us. A hapless nation flapping its arms, as the politicans bring down the population.

[basiclifej]

the interviewer is refusing to accept the truth of the UK's economic. He is in denial.

[Dandaniels1978]

Are really that stupid? The interviewer is not asking questions based on his personal thoughts but asking questions based on what other idiots in denial would be asking.

The interviewer knows full well the truth but wants Jim Rogers to explain it by using provocative questioning techniques. As someone else on here points out the guy is playing Devils Advocate

A great interview

[TheFlex21]

Why is he wearing pink???

because he's feeling rosy about his investments in China

[Nelkwie4]

That's funny. Trademark it. Brilliant, man. Brilliant.

[phxfreddy]

Obama lout and tyrant is out of his depth and creating a depression out of a recession. So don't ever say Obama is not creative!

[dlmaniac]

The interviewer sounded like a fool.

[M249doesmytalking]

i agree

not a very good interviewer

[TadRapidly]

perfect interviewer, actually. His ignorance perfectly mirrors that of 99% of the population.

[ednan9]

he is good interviewer, he is playing a devils advocate to rogers, beats the hell out of some of the american journalist, especially on the moronic cnbc

[dakusahab]

Don't move to China, or else you will regret it. China won't care about killing its own people so you won't stand a chance as an immigrant. Move to Australia,Canada or New Zealand. They are you only safe bets because those countries are developed and have real wealth in terms of resources not fake wealth (service based economy). Although those countries are likely to go into poverty in the near term, they are not going to fully collapse like rest of the developed nations.

[blacklions714]

You are some what true Dakusahab. How ever the reality is that China has literally free labor for the services that they provide. And this will not stop being the commodity that China will always use for money. China is smarter then most countries in this respect. We either use the same methods of slavery to beat competition or we just don't do business at all. Our world will go into total war either way, no peoples on Earth today will allow slavery to come back as a rule for business.

[dakusahab]

Actually they dont have free labour, there is massive wage inflation in china, and with the rising price of oil which will reach $300 a barrel soon and probably $1000 a barrel in 5-6 years, China is not going to have that advantage. Also china is drying out, there land is being polluted and their farmlands dont produce enough to feed their people. if people stop selling food and fuel to china the country is done.

[blacklions714]

I have been reading about the problem with poor regulations on the industrial pollution effecting the environment in China. How ever China has the manpower to adapt and implement indoor agricultural plantations to provide a new way of sustaining enough food production needed for their population. I'm sure Russia has more then enough fossil fuel to provide China the necessary amount of crude oil that will be used to power the growing economy.I haven't heard much of China declining economically?

[dakusahab]

Are you serious about china producing enough to feed its people. just look at the places china is buying up like in south east asia, africa and south america. BTW russia doesn't care about china, they are both playing each other. china just like USA, india and russia are going to break into smaller parts. you cant govern those big countries without oil. Current events form future trends. type in "latoc" in google. you will thank me if u can comprehend the information.

[blacklions714]

Yes, i have read about the fears of oil deposits running dry globally. War will take place for the last remaining pools were ever they may be. Many will die as a result of the fight for the need to supply the various economies in the industrialised world. How ever intellectuals need to keep steadfast on implementing alternative fuel. I read about a engine that runs off of permanent magnets that are so power full that is can create enough torque to power a car.

[imbabci2]

There is no oil shortage. Google "USGS Bakken Formation" in North Dakota and Montana. Its the largest continuous oil accumulation ever assessed by the USGA. They released the story April 10th, 2008.

[dakusahab]

Once again you have fallen into the annoyingly common trap of just skimming the surface of peak oil and not understanding what it actually means. Peak oil is not about that "there isn't enough oil on our planet to meet our needs". The problem is the "rate" at which it is possible to extract the oil, in essence there is an optimum/max rate, and what amount of the oil reserves are economically recoverable in energy terms not currency terms. This means at the point where EROEI is 1. google EROEI.

[imbabci2]

OK, I'll admit I'm not well read on the subject. I have relatives that work in the USGS. I get my info from them. Thanks for the EROEI suggestion.

[dakusahab]

Not to worry. One more learned person is one more saved soul. This EROEI concept along with the exponential function are two of the most important concepts that we must understand if we are to save our civilization. keep reading about this stuff.

[imbabci2]

I finished reading a pretty intense article on EROEI. Impressive calculations. I agree that a back to basics approach should be investigated by everyone. Look into what suits your circumstances and just do it! Thanks for the conversation...

[dakusahab]

As an electrical engineering student i know that permanent magnets don't produce energy. An electric current is supplied to a coil in the space between the magnets and this creates a torque on the wire which then spins a rotor and produces a torque. The strength of the magnetic field and current determine the torque produced. This is how ALL electric motors work. But you notice that a current needs to be supplied which is energy.

[dakusahab]

I have done studies on Wind, solar, geothermal, nuclear, tidal, and biomass, and none of these can scale to the desired level in the time frame required, if ever. I agree science and innovation should never stop (as an agnostic I believe my purpose in life is to advance knowledge and wisdom) but few realize the scale of our problem. All high-tec is currently energy intensive we need to go back to basics.

[blacklions714]

I seen this footage here that shows a engine powered by only a magnet. "Perendev magnetic motor" go to that footage here on youtube and tell me why this engine is being powered by only a magnet?

[dakusahab]

It's a scam. The guy is just using alternating current and the disks have a ferromagnetic material inside. When an alternating current is supplied the magnetic fields continuously switch, this keeps the motor spinning. you have to remember when dealing with electromagnetism, the act of moving a magnet through an electric field produces a current or providing an electric current to a magnetic field produces torque. That's essentially the difference between a generator and a motor.

[dakusahab]

There is also a concept known as induction which basically produces a torque in the second and third disks and starts spinning those. This is also how you get wireless power. This machine isn't as complex as it looks and scientists and engineers aren't retards if there was a miracle device they would created it long ago.

[chris24sj]

Options: 1) Move to Asia now, spread your money within Gold and solid Asian banks. or 2) Hang though, stock up for the meltdown (and yes that means guns too kids)

[sov19871987]

thank you for video